Stuart Shopping Center For
For Sale
$15,000,000
701 NW Federal Hwy, Stuart, FL 34994
Prime shopping center in Stuart with diverse tenancy.
Property Size57,396 SF
Lot Size4.00 Acres
Price / SF$263.16
Days on Market155
Property Features for 701 NW Federal Hwy
General Information
Standard status
Active
Size
57,396 SF
Lot size
4.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$76,746
Building Details
Building Size
57,396 SF
Year Built
1986
Stories
1
Listing Agency:
Patrick A. Stracuzzi
Listed By:
Patrick Stracuzzi, Sr · License #3048544
(772) 283-9991
Source:
Elliman
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 12 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patrick A. Stracuzzi
Investment Insights
Based on property information with market context.
This commercial property in Stuart offers a meticulously maintained shopping center spanning over 57,000 square feet on 4+ acres. The property is located at the base of the Roosevelt Bridge, a high-traffic area with over 55,000 cars per day. The property features a blend of restaurant, retail, and professional tenants, including a freestanding four-story office building, creating multiple income streams. Anchored by well-known local establishments, the property benefits from exceptional exposure to local residents and daily commuters. The location provides immediate presence, stability, and long-term growth potential. The property has a bike score of 59, indicating it is bikeable, and a walk score of 31, indicating car-dependent surroundings.
Key Highlights
- Prime location at the base of the Roosevelt Bridge with high traffic volume (over 55,000 cars per day).
- Diverse tenancy mix of restaurant, retail, and professional offices, including a freestanding four‑story office building.
- Significant size: over 57,000 square feet on 4+ acres.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,048,213
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,964,260
$21.0M
Cap Rate 7%
$14,974,471
$15.0M
Cap Rate 9%
$11,646,811
$11.6M
Market Conditions
NOI Build-Up for 57,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.54M $27.00/SF
− Vacancy
−$41.6K −$0.73/SF
EGI
$1.50M $26.27/SF
− OpEx
−$449.2K −$7.88/SF
NOI
$1.05M $18.39/SF
Area
Martin County, FL
Vacancy
2.70%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,964,260
Cap Rate 7%
$14,974,471
Cap Rate 9%
$11,646,811
Alternative Uses
Best Use
Retail
$14.97M
$13.10M – $17.47M
NOI $1,048,213 @ 7.0% cap · market cap 6.99%
Second Best
Office B
$10.29M
$9.00M – $12.00M
NOI $720,252 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34994, FL
17,843
Population
10,086
Households
1.8
Avg Household Size
51
Median Age
36%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$62,895
Median Household Income
$33,547
Median Earnings
$1,558
Median Rent
$248,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Riverside Shoppes — 723 NW Federal Hwy, Stuart, FL 34994
- Northshore Plaza — 845 NW Federal Hwy, Stuart, FL 34994
Frequently Asked Questions
What type of property is this?
Shopping center - Prime shopping center in Stuart with diverse tenancy.
Where is this shopping center located?
The property is located at 701 NW Federal Hwy Stuart, FL.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Prime location at the base of the Roosevelt Bridge with high traffic volume (over 55,000 cars per day).; Diverse tenancy mix of restaurant, retail, and professional offices, including a freestanding four‑story office building.; Significant size: over 57,000 square feet on 4+ acres.
